Hong Kong dollars or Hong Kong dollars are legal tender in People's Republic of China (PRC) and Hong Kong. According to the Basic Law of Hong Kong and the Sino-British Joint Declaration, Hong Kong's autonomy includes the right to issue its own currency. Its official ISO 42 17 abbreviation is HKD (Hong Kong dollars); The sign is Hong Kong dollars. The Hong Kong Monetary Authority, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and the Bank of China (Hong Kong) Limited announced on July 20th that they would launch a new series of 20 10 Hong Kong dollar banknotes.
The vast majority of Hong Kong dollar banknotes are issued by three note-issuing banks under the supervision of the Hong Kong Monetary Authority. The three note-issuing banks include HSBC, Standard Chartered Bank and Bank of China, and a small number of new ten-dollar notes are issued by the Hong Kong Monetary Authority. Coins are managed by finance.
Hong Kong dollars (HKD)
The bureau is responsible for issuing. Since 1983, Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. When issuing any amount of Hong Kong dollars, note-issuing banks must pay US dollars to HKMA at the exchange rate of HK$ 7.80 to US$ 65,438 +0, and record them in the account of the Exchange Fund before printing money. In this way, the US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.
It is worth noting that all patterns of Hong Kong banknotes are copyrighted. Therefore, without the permission of the copyright owner, no one is allowed to copy the pattern of paper money at will. Over the years, several institutions in Hong Kong have been sentenced to pay huge fines for using them in advertisements without the approval of banks that hold the copyright of banknotes.
Although Hong Kong dollars have legal status only in Hong Kong, they can also be used in many places in Chinese mainland and Macao Special Administrative Regions. In addition, in Macau's casinos, the Hong Kong dollar is the only accepted currency except the Macao pataca.
Hong Kong dollars (HKD)
According to the test, Hong Kong is the first place to call the currency "yuan". Initially, when Hong Kong became a British colony, it adopted the British currency. However, since the trade with Chinese mainland at that time was dominated by silver, silver coins from all over the world, including Mexican Eagle Ocean and Chinese mainland, could circulate freely in Hong Kong. Later, in order to control the local currency more effectively, the government adopted the silver dollar as the basic monetary unit, and the word silver dollar changed from an initial adjective to a quantifier. 1863, Hong Kong issued the official mint for the first time, 1866, Hong Kong established the mint. At that time, a silver coin produced in Hong Kong would be printed with ""
1867 Hong Kong dollars
Hong Kong dollars "four words. The name of this currency was also sent back from Hong Kong to Chinese mainland, Japan and South Korea, becoming the unit name of the local currency. Later 1868 closed the mint, and other silver dollars were used as legal tender in Hong Kong.
During the period of 1935, the price of silver in the United States and other places rose, which led to the outflow of silver from China and Hongkong. On 1 October 9, the Hong Kong government passed the Monetary Ordinance, 1935, 165438, and declared "Hong Kong dollar" as the monetary unit of Hong Kong. The exchange rate between Hong Kong dollar and British pound was set at 16 to1.
March 2009 13 In order to improve the efficiency of cross-border payment and settlement between the Mainland and Hong Kong (hereinafter referred to as "the two places") and strengthen the economic and financial ties between the two places, the People's Bank of China issued an announcement today, announcing the relevant rules for establishing the interconnection payment arrangement of the multi-currency payment system between the two places by using the domestic foreign currency payment system, the business scope of the interconnection payment arrangement between the two places, the payment path for mainland banks to remit money to Hong Kong banks through the interconnection payment arrangement between the two places, and the message format of the cross-border remittance withdrawal business between the two places.
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Hong Kong dollars (HKD)
The original banknotes in Hong Kong were issued by Credit Suisse Group, which was established in Hong Kong in 1845. Before 1935 the government passed the monetary regulations, many banks issued paper money, but these paper money were mainly used for commercial transactions. The government only accepts banknotes from some chartered banks as legal tender. After 1935, the government authorized HSBC, beneficiary banks (later acquired by HSBC) and Credit Suisse Bank China (later renamed Standard Chartered Bank) to issue HK$ 5 yuan and above. Hong Kong dollar banknotes with a face value of one yuan or less are issued by the Hong Kong Government. 1975 After the Hong Kong government issued five-dollar coins, five-dollar notes ceased to be issued.
At present, there are three note-issuing banks in Hong Kong, namely Bank of China, HSBC and Standard Chartered Bank.
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1997 before the transfer of sovereignty in hong kong, coins in circulation were all cast with the head of the emperor, which was once the object of collection. Starting from 1993, the government gradually recovered the old coins and replaced them with new ones with bauhinia on the back. However, the Queen's first coin is still legal tender, just like the new coin.
1988 is the era when Britain ruled Hong Kong. Every household has old banknotes. A few years later, on the day of SARS in 2003, Ren Zhigang, the financial management authority, announced that banks would issue new banknotes, but the government would deal with the old ones. As to whether the Hongkong and Shanghai Banking Corporation Limited (HSBC) in 1988 is the common currency of Hong Kong, the answer is not universal. But we found a small amount of old banknotes for unknown reasons. Perhaps the government has forgotten that there are many old banknotes. The most old banknotes are 10 yuan, 100 yuan or other 10 yuan in 50 yuan. The year is: 1920 is the oldest banknote, and 1993 is the second oldest banknote, which was completely new in 2003.